AveCap Cuts Admin, Accounting Staff

Jul 27 2011 | 9:23am ET

Avenue Capital Group has trimmed some fat from its headcount.

The New York-based distressed debt specialist has cut less than 10 jobs from its administrative and accounting staff. According to HFMWeek, the layoffs came after performance reviews and impacted those who did not meet expectations.

The $13 billion hedge fund employs more than 300 people globally.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...


FINalternatives Trending

From the current issue of